Other. 42. Which Of The Following Is An Example Of A Firm’s Derived Demand? D) always greater in the short run than in the long run. You will receive your score and answers at the end. If you have any query regarding CBSE Class 10 Social Science Economics Chapter 4 Globalisation and the Indian Economy Multiple Choice Questions with Answers, drop a comment below and we will get back to you at the earliest. Q. Answers for Multiple Choice Questions 1 (c) 2 (a) 3 (a) 4 (c) 5 (c) 6 (b) 7 (d) 8 (c) 9 (b) 10 (b) 11(a) 12(b) 13(d) 14(d) 15(a) 16(c) 17(b) 18(d) 19(d) 20(c) Chapter-2 PRINCIPLES OF MANAGERIAL ECONOMICS Multiple Choice Questions 1 The word that comes from the Greek word for “one who manages a household is a. Of course, in a literal sense anything contributing to the productive process is a factor of production. The CAGE framework investigates to what extent home demand, home factor conditions and domestic rivalry are important to multinational firms. Edit. D)could be a penalty but could not be a reward. Use this quiz/worksheet combo to help you test your understanding of the four factors of production. Services, The State Court System of the United States: Definition & Structure, Quiz & Worksheet - Four Factors of Production, Four Factors of Production: Land, Labor, Capital & Entrepreneurship, {{courseNav.course.mDynamicIntFields.lessonCount}}, Economic Systems: Traditional, Market, Command & Mixed, Economic Needs and Wants: Definition & Concept, Net Exports, Capital Flows and Trade Balance, How Changes in Supply and Demand Affect Market Equilibrium, Gross Domestic Product: Using the Income and Expenditure Approaches, Gross Domestic Product: Definition and Components, Gross Domestic Product: Items Excluded from National Production, Gross Domestic Product: Nominal vs. Real GDP, Gross Domestic Product: How to Calculate Real GDP, Economic Scarcity and the Function of Choice, European Colonies in North America (1497-1732), Important Events Leading to the American Revolution, Events & Leaders of the American Revolution, The Making of a Nation after the American Revolution, American Civil War & Reconstruction Overview, Westward Expansion, Industrialization & Urbanization (1870-1900), The Progressive Era of the Early 20th Century, U.S. Involvement in World War ll (1941-1945), Civil Rights & Other Movements in the US (1954-1973), European History: Geography, Colonization, WWI & Russia, European History: Integration in Europe after the Soviet Union, GACE Middle Grades Social Science Flashcards, Working Scholars® Bringing Tuition-Free College to the Community, All of the economic inputs required to produce goods and services, Physical effort of people to produce goods or services, Ideas and emotional drive a person has to produce something that other people will want to buy, Physical space and natural resources within a location, Money and physical assets used to produce goods, Define the concept of factors of production, Know what the four factors of production are and identify examples of each, Relate the term economic inputs to your understanding of the four factors of production. teressey. Factor Immobility Introduction One cause of market failure is the immobility of factors of production . Sample Questions for 5th Exam Chapters 16, 19 and 21 MULTIPLE CHOICE. Profit. Edit. Of the several topics you'll be assessed on, two include the physical effort of people to produce goods or services as well as the money and physical assets used to produce goods. A garbage truck driver is an example of which Factor of Production? Factors of production are: a. Inputs into the production process b. 1) 2)The most fundamental economic problem is A)security. teressey. Answer the following questions and then press 'Submit' to get your score. teressey. 61% average accuracy. | 37 Question 1: Which of the following statements about factors of production is false? Passing quizzes and exams the topic, Theory of production: Multiple Choice 0 is Common in Large But... Question: a Fixed factor of production are resources attracted and used in economic activity 26 Multiple... 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